REG - Mosman Oil & Gas - Leadership Restructuring

Mosman Oil and GasAnnouncement

25/06/2025 07:02

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RNS Number : 2613O  Mosman Oil and Gas Limited  25 June 2025

25 June 2025

Mosman Oil and Gas Limited

("Mosman" or the "Company")

 

Leadership Restructuring

 

Mosman Oil & Gas Limited (AIM:MSMN), today announces a strategic
restructuring of its leadership team to align with its ambitious growth
objectives. As part of this initiative Andy Carroll has stepped down from his
position as Chief Executive Officer. Howard McLaughlin, currently Head of
U.S. Operations, will assume the role of interim CEO during this transition
process.

During his nearly two-year tenure as CEO and many years as Technical Director
prior to then, Andy Carroll has advanced Mosman's exploration and
development projects, particularly in the United States. The Company
acknowledges his contributions and wishes him well with his future
endeavours.

Howard McLaughlin, who has been leading Mosman's U.S. operations, is,
subject to the completion of customary due diligence, expected to step into
the role of interim CEO. In this non-board position, Howard will focus on
ensuring continuity and advancing the Company's strategic objectives.

Mosman has also agreed to settle the options granted to Mr. Carroll under
resolution five at the 2024 Annual General Meeting, with the settlement
scheduled for completion by 30 June 2025. The Company will update
shareholders once a decision is made regarding the appointment of a new Chief
Executive.

To support its growth strategy, Mosman is initiating a comprehensive corporate
review to strengthen its management team. This review will focus on enhancing
the Company's operational presence in the United States, where its core
projects are located. The Company aims to build a leadership structure that
supports its ambition to capitalise on opportunities in the helium, hydrogen,
and hydrocarbon markets, delivering sustainable growth and operational cash
flow.

In parallel, Mosman will also conduct a review of its asset portfolio to
ensure it is maximising value for shareholders. This assessment will evaluate
the Company's projects in the United States, as well as its royalty interests
in Australia, to align with its long-term objectives of portfolio
expansion, production, and revenue generation.

Mosman Chairman, Carl Dumbrell, commented: "We are grateful for
Andy's work over his tenure at Mosman. With Howard, our Head of U.S.
Operations, stepping into the role of interim CEO, we are confident in
the Company's ability to maintain momentum. I am excited about the
opportunities ahead for Mosman and we are committed to expanding our presence
in America and optimising our asset portfolio to drive substantial value for
shareholders. We deeply appreciate the continued support of our investors and
remain dedicated to achieving our ambitious goals."

 

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this information is
now considered to be in the public domain.

 

 

Enquiries:

 Mosman Oil & Gas Limited                                NOMAD and Joint Broker

 Carl Dumbrell, Chairman                                 SP Angel Corporate Finance LLP

                                                         Stuart Gledhill / Richard Hail / Adam Cowl

                                                         +44 (0) 20 3470 0470

 Alma                                                    Joint Broker

 Justine James / Will Merison                            CMC Markets UK Plc

 +44 (0) 20 3405 0205                                    Douglas Crippen

 +44 (0) 7525 324431                                     +44 (0) 020 3003 8632

 mosman@almastrategic.com (mailto:mosman@almapr.co.uk)

 

Updates on the Company's activities are regularly posted on its website:
www.mosmanoilandgas.com (http://www.mosmanoilandgas.com)

 

Notes to editors

Mosman (AIM: MSMN) is a helium, hydrogen and hydrocarbon exploration,
development, and production company with projects in the US and Australia.
Mosman's strategic objectives remain consistent: to identify opportunities
which will provide operating cash flow and have development upside, in
conjunction with progressing exploration. The Company has several projects in
the US, in addition to exploration projects in the Amadeus Basin in Central
Australia.

 

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